It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
yes it does
It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
It represents you paying all of your credits or loans... meaning, you used your cash to pay for your loans(accounts payable). And this will make cash a Credit and Accounts Payable Debit. Basically using cash to deduct your account payable.
No actually... Cash paid to credits should credit cash account and debit payable account
No actually... Cash paid to credits should credit cash account and debit payable account
Example: Accounts payable balance = 1000 Cash Balance = 1000 Transaction 100 paid to creditors from cash Journal Entry [Debit] Accounts payable 100 [Credit] Cash 100 New Accounts balances Accounts payable 900 Cash 900
Decrease in accounts payable causes the decrease in cash flow because decrease in accounts payable means that creditors are paid of and hence cash is decreased when somebody paid.
No actually... Cash paid to credits should credit cash account and debit payable account
Yes decrease occurs due to payment of cash to creditors which causes the cash to reduce as well.
Increase in accounts payable means increase in cash as if cash was paid there was no increase in accounts payable but as no payment done it saves the cash and causes the increase in actual cash.
[Debit] Accounts payable [Credit] Cash / bank